NSE IPO opens as New India Assurance and IFCI gain

Business Sep 17, 2026

The National Stock Exchange (NSE) kicked off its much-awaited IPO on Thursday, and it's already making waves.

Shares of New India Assurance (NIACL) shot up over 9% before settling at a solid 3.28% gain, while IFCI also saw a nice 2% bump.

Clearly, the market's excited.

Mid-morning NSE IPO 13% subscribed

By mid-morning, the IPO was already 13% subscribed: noninstitutional investors led with 22%, and retail investors weren't far behind at 17%.

NIACL stands to pocket around ₹1,874 crore by selling part of its NSE stake (which it bought for just 32 paise per share!),

while IFCI holds a 52% stake in SHCIL, which in turn owns a 4.4% stake in NSE.